Will this Ferrari sell for more than $50 million?

Why this 250 GTO that’s coming up for auction on August 14 may become the world’s most expensive car sold at auction

We’re on the cusp of an era where cars will drive themselves. And if you’ve always benchmarked your manliness as to how hard and fast you can drive, you might as well go ahead and get yourself castrated.

But there is hope. Once in a while, one of the very few true-blue racing machines come up for auction. Machines like this Ferrari 250 GTO – Grand Turismo Omologato, that’s Italian for a race-bred GT. We’re positively stoked when we see rides like this which know only how to go very fast and weren’t encumbered by trifling speed-limiting (and probably life saving) mechanisms like traction control.

Its ilk participated in races like the 24 hours of Le Mans, among others, and went up against and often trumped, competition that included the Jaguar E-Type. Only 39 were made, and this specific model rolled off the production line on September 11, 1962.

Pundits are speculating that when Bonhams begins the bidding process on Aug 14, it may fetch anywhere between $50-75 million dollars. Not an altogether ridiculous figure when you consider that another 250 GTO was sold in a private transaction in October last year for $52 million.

The price that the winning bidder will put down on this ride isn’t just for history and pedigree, but for even what this machine can do even when compared to the most modern hypercars. It’s got a massive V12 strapped under that long hood that’s good for 300hp. This bantamweight of a ride weighs less than 900kgs, which means that it’s got a frightening power-to-weigh ratio. The kind that is only rivaled by its price tag.